GOLD- A Gold prospective for Indians
This is very interesting thing to discuss about-GOLD , if we see the gold prices they are uncertain at present and one time price were crossed the 18000 line but now is near to 17000, but I am not discussing it because of gold prices, I want to link these prices with country wealth ,but question is how?
Figure said that India have more than 15000 toones gold is privately held which is more than 27 times government held 558 toones, and if we see international market last one year, gold has appreciated by 53 per cent, from $742 to $1,101(today price) an ounce in international markets and very interesting fact that southern states have highest percentage per capita gold holding in India, in which only Kerala have 15 to 20 % share. Now come on strategic view- it is good or bed to appreciate the price of gold? According to my view for consumers it is good but for government it bed but I am taking about consumer way. we automatically becoming rich by increasing gold price and India have huge gold holding and we are no. one from several years in importing gold and one more thing if gold prices will increase the people will buy more because they know that is best source for investment and their saving will also increase.